Timeline of 17 Recessions and World Crises Since Great Depression

Looking at the economy currently in a recession I couldn't help but think that this has happened before (insert sarcastic tone) in the United States.

So when I saw a full list of 40 Recessions and World Crises on the stock forum earlier today I decided that it would make a great post to show what cycle of chaos we have actually been in. Here are 17 time periods to note since the Great Depression (Note that the accuracy is based on the original author as I did not make corrections).

Any of these bring back memories?

1. Great Depression (1929 to late 1930s), stock market crash, banking collapse in the United States sparks a global downturn, including a second but not heavy downturn in the U.S., the Recession of 1937. Durations: 43 and 13 months respectiviely.

2. Recession of (1945) Duration: 8 months

3. Recession of (1948 - 1949) Duration: 11 months

4. Post-Korean War Recession (1953 - 1954) - The Recession of 1953 was a demand-driven recession due to poor government policies and high interest rates. Duration: 10 months

5. Recession of (1957 - 1958) Duration: 8 months

6. Recession of (1960 - 1961) Duration: 10 months

7. Bond Inversion of (1965 - 1967) no recession materialized

8. Recession of (1969 - 1970) Duration: 11 months

9. 1973 oil crisis (1973 - 1975) - a quadrupling of oil prices by OPEC coupled with high government spending due to the Vietnam War leads to stagflation in the United States. Duration: 16 months

10. 1979 energy crisis - 1979 until 1980, the Iranian Revolution sharply increases the price of oil

11. Recession of (1981 - 1982) Duration: 16 months

12. Early 1980s recession - 1982 and 1983, caused by tight monetary policy in the U.S. to control inflation and sharp correction to overproduction of the previous decade which had been masked by inflation

13. Great Commodities Depression - 1980 to 2000, general recession in commodity prices

14. Late 1980s recession - 1988 to 1992, collapse of junk bonds and a sharp stock crash in the United States leads to a recession in much of the West

15. Japanese recession - 1991 to present, collapse of a real estate bubble and more fundamental problems halts Japan's once astronomical growth

16. Asian financial crisis - 1997, a collapse of the Thai currency inflicts damage on many of the economies of Asia

17. Early 2000s recession - 2001 to 2003: the collapse of the Dot Com Bubble, September 11th attacks and accounting scandals contribute to a relatively mild contraction in the North American economy.

Comments

  1. Posted by Options Trading Beginner on July 19, 2008 at 6:55 am

    Hi Blain,
    Thanks for posting the list.

    Wondering if anyone knows of articles that discussed how long the market took to get back to its previous peak after each of those recession periods?

    Many thanks. :smile:

    Regards,
    Options Trading Beginner

  2. Posted by Wayne on July 19, 2008 at 8:17 am

    Yeah, I am sure we are in recession, although all these politicians said otherwise, or called it a correction.

    Looking at the list, it seems these recession year sequence and durations revolve around finonacci retracement numbers sequence 1,2,3,5,8....etc or twin fibonacci numbers, 2,4,6,10...etc and lucas numbers, 2,1,3,4,7,11...etc which repeats itself in in nature and trading.

    Lets pick the last few on the list.
    From 1992 to 1997 = 5 years before Asian Financial Crisis(AFC))
    From 1991 to 1997 = 6 years from Japanese recession to AFC
    From 1992 to late 2000 = 8 years before tech bubble started and lasted 3 years
    From 2003 to early 2008 = 5 years ....The global market has lost most of its value since the peak, due to financial meltdown or Credit Bubble? We could be heading down 3 more years to 2011 ? Time will tell! Possibly to short the market after a small bounce .

    Wayne
    http://www.stocks-trading-strategy-and-pattern.com/fibonacci-retracements.html

  3. Posted by Brandon on July 21, 2008 at 9:01 am

    SOLID READ!

  4. Posted by Jeff on July 21, 2008 at 9:13 am

    I'm also unsure if the US market is in recession.
    Also heard from many politicians market is NOT!
    Interesting article!
    Thanks for posting.

  5. Posted by Ollie on June 10, 2009 at 6:17 pm

    Its awful when you're in that hole with depression, but I believe you can climb out of it, its a long journey but boy is it worth it, as the suffering and the experience in the long term becomes an asset. Would you agree?

  6. Posted by Blain Reinkensmeyer on June 10, 2009 at 6:37 pm

    agreed! :)